RHB Investment Research Reports
Trading Stocks - Uzma
rhbinvest
Publish date: Tue, 30 May 2023, 11:57 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Uzma is poised for a technical rebound, as it tested the immediate resistance of MYR0.65 yesterday, above the 21-day SMA line. If the breakout happens, expect strong momentum to emerge, extending the upside towards MYR0.70, followed by MYR0.75. On the other hand, breaching below the MYR0.62 support will nullify the expectation.
Source: RHB Securities Research - 30 May 2023
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